HSBC names John Flint as next chief executive (HSBA, 1299)

LONDON, Oct 12 (Reuters) - HSBC has named John
Flint as its next chief executive the bank said on Thursday,
sticking with its model of always promoting company insiders to
run the firm.

Flint, who currently runs HSBC's retail and wealth
management business, will start his new role on Feb 21 2018,
Europe's biggest bank said, taking over from outgoing Chief
Executive Stuart Gulliver.

The appointment marks the first major decision taken by the
bank's new chairman, former AIA Group chief Mark
Tucker who joined HSBC on Oct. 1 as its first ever
externally-appointed chairman.
(Reporting by Rachel Armstrong; editing by Carolyn Cohn)